Lorenzo Valente: The future of traditional finance will rely on open DeFi infrastructure

ARK Invest Head of Research Lorenzo Valente refuted a16z Crypto's view that traditional finance needs blockchains rather than DeFi, arguing that in the future, financial institutions will be built on open DeFi infrastructure. Lorenzo Valente pointed out that crypto-native companies such as Circle and a certain exchange may become the builders of the next generation of financial infrastructure. a16z Crypto believes that traditional financial institutions will construct permissioned, managed "programmable financial infrastructure." Sentora co-founder Jesus Rodriguez believes that financial institutions will eventually adopt DeFi as their underlying infrastructure while adding compliance and control mechanisms. (Cointelegraph)